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Forex Trend Analysis Report

Prepared for you on Friday, January 19, 2018.

US Dollar/Somali Shilling (FOREX:USDSOS)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_USDSOS
Open High Low USDSOS Price Change
578.415 578.415 578.415 578.415 0.000
Entry Signal

MarketClub’s Trade Triangles for USDSOS

long term up The long term trend has been UP since Oct 11th, 2017 at 589.000

intermediate term down The intermediate term trend has been DOWN since Jan 18th, 2018 at 581.195

short term down The short term trend has been DOWN since Jan 18th, 2018 at 580.975

Smart Scan Analysis for USDSOS

Based on a pre-defined weighted trend formula for chart analysis, USDSOS scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for USDSOS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
578.415 578.415 578.415 578.415 0.000
Prev. Close Volume Bid Ask Time
580.820 545.740 611.090 2018-01-18 09:12:27
Want to analyze US Dollar/Somali Shilling USDSOS or another symbol? Try our Free Forex Trend Analysis Report.